Updated Oct 28, 2024
Uptown Blvd FL Partners LLC Acquires Multifamily Property In Altamonte Springs For $114.7M
285 Uptown Boulevard, Altamonte Springs, Florida 32701, United States
$114,700,000
Units
324
Asset Type
MultiFamily
Closing
Jul 25, 2022
About this deal
AI
Uptown Blvd FL Partners LLC has acquired a multifamily property located at 285 Uptown Blvd in Altamonte Springs. The transaction, facilitated by broker Jubeen Vaghefi of Cushman & Wakefield, closed on 07/26/2022. The property consists of 324 units, with a sale price of $114,700,000, resulting in a price per unit of $354,012.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $114,700,000
- Address: 285 Uptown Blvd
- Market: Altamonte Springs
Jubeen Vaghefi of Cushman & Wakefield represented the buyer, Uptown Blvd FL Partners LLC, in this transaction. The seller, Altamonte Associates LLC, completed the deal with the assistance of Jubeen Vaghefi as well.
On the Map
$114,700,000
MultiFamily
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Altamonte Springs MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.14%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93